Steven HopkinsMedici Ventures, Inc.

Cryptocurrency and

Blockchain Law

Bitcoin

https://blockchain.info/charts/

n-transactions

Bitcoin Transactions

Private Key

Public Key

Bitcoin Transactions

Blockchain – how it works

Consensus – ALL THE TIMEImmutability Ability to prove Existence - ANCHORING

Other Blockchains

Blockchain TransactionsVerifiable History of OwnershipCertain and Immediate SettlementTrust Institutions not Required

Use CasesMoney and Banking

Use CasesInternational Payments and Trade

Use CasesLand Titling

11

Use CasesSecurities Trading and Settlement

Hedge FundBroker/Dealer Broker/DealerInvestor

Cede & Co.

Actual

SharesShare

Entitlements

Cede & Co.

Use CasesSecurities Trading and Settlement

Dole Food Had Too Many SharesIt's enough to make you wish for a blockchain.By Matt Levine

28 February 17, 2017, 8:00 AM MST

Legal and Regulatory IssuesJurisdiction and Enforcement

https://bitnodes.21.co/

Legal and Regulatory IssuesWhat is Cryptocurrency?

or or

Legal and Regulatory Issues

Anti-Money Laundering / Know Your Customer Regulations

Legal and Regulatory Issues

Money Transmitting Business Laws

Cryptocurrency Markets

ICO’s

Ponzi Coin

Utility/App CoinsLike a Coupon or Voucher

Can value the Product

Security CoinsLike Equity in an Investment Fund or Startup

Based on the Value of the Companies

Currency Coins?

Traditional Valuation Methods

Market

Approach

Income

Approach

Asset

Approach

Traditional Valuation Methods£3.19

HK$19.20

Peso 49.00

¥380.00

€3.91

$5.30

= ???

Currency CoinsExchanges that Trade

Volume of Transactions

Developer Attention

Size and Stability of Network

Cryptoasset Legal Issues

Security? Utility or App Token?

Platform or Currency? Token

Blockchain Related Patent Trends

Patent Applications Filed

0

100

200

300

400

500

600

700

800

900

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Published Filings Trend

Issued Patents (on applications filed since 2008)

0

20

40

60

80

100

120

140

2010 2011 2012 2013 2014 2015 2016 2017 (prorated)

The Impact of Alice on Blockchain

Takeaway